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Technology

Interviews with 50+ people detail Bolt's meteoric rise, which involved overstating tech and performance, as its valuation went from $250M to $11B in three years (New York Times)

[ad_1] New York Times: Interviews with 50+ people detail Bolt’s meteoric rise, which involved overstating tech and performance, as its…

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Technology

Document: one-click checkout service Bolt's transaction revenue grew ~10% to $28M in 2021, and has had partner merchants numbering in the low 300s since 2020 (Malique Morris/The Information)

[ad_1] Malique Morris / The Information: Document: one-click checkout service Bolt’s transaction revenue grew ~10% to $28M in 2021, and…

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Technology

Authentic Brands Group, which runs Forever 21, sues payments startup Bolt, saying it lost out on $150M+ in sales; Authentic is Bolt's most prominent customer (Lizette Chapman/Bloomberg)

[ad_1] Lizette Chapman / Bloomberg: Authentic Brands Group, which runs Forever 21, sues payments startup Bolt, saying it lost out…

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